Marszalek was specific about who is being let go: those in roles that, in his words, “do not adapt in our new world.”

Crypto.com founder Kris Marszalek has said the exchange will cut around 12% of its workforce. The move is part of a strategic pivot by the company toward the enterprise-wide integration of AI.

The AI Efficiency Argument

Marszalek made the announcement in a post on his official X account on March 19, stating that Crypto.com would be integrating AI into its business and that firms that fail to do so are setting themselves up for failure.

“Companies that move slowly will be left behind,” warned the CEO. “Companies that move immediately and pair the…